New Rules for New Horizons
Report of the High Level Symposium on Reshaping Finance for Sustainability

Other Report

Authors: Christian Thimann    Simon Zadek   

Published By: UNEP Inquiry    AXA   

Date: Jul 2015

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New Rules for New Horizons

On July 3rd 2015, the UNEP Inquiry into the Design of a Sustainable Financial System and AXA co-hosted a high-level symposium in Paris to explore the nexus between the long-term challenge of mobilizing finance for sustainable development, and impact of the post-2008 financial reforms. Two further drivers of major change to the financial system were also discussed: the innovative disruption being unleashed by new technologies and business models, and the growing importance of major developing countries in the shaping of the international financial system. Over two hundred participants, including officials from international institutions, central banks and financial regulators, and private sector representatives and academics, debated the current state of the financial system, its purpose for society and the potential and challenges for reshaping it towards sustainability.

Speakers included:

  • Bertrand BadrĂ©, Managing Director and Chief Financial Officer, World Bank
  • Alexander Barkawi, Director, Council on Economic Policies
  • Mark Burrows, Managing Director and Vice Chair, Global Investment Banking, Credit Suisse
  • Henri de Castries, Chairman and Chief Executive Officer, AXA
  • Denis Duverne, Deputy Chief Executive Officer, AXA
  • Sylvie Goulard, Member of the European Parliament, ECON Committee
  • Levin Holle, Director General, Financial Policy, Ministry of Finance, Germany
  • Denis Kessler, Chairman & CEO, SCOR SE
  • Izabella Kaminska, Financial Times
  • Jean-Pierre Landau, Professor of Economics, Dean of the School of Public Affairs, Sciences Po
  • Michael Liebreich, Chairman of the Advisory Board and Founder of Bloomberg New Energy Finance
  • John Lipsky, Senior Fellow, School of International Studies, Johns Hopkins University
  • Matu Mugo, Assistant Director, Bank Supervision, Central Bank of Kenya
  • Ligia Noronha, Director, Division of Technology, Industry and Economics (DTIE), UNEP
  • Sophie Pedder, The Economist
  • Luiz Awazu Pereira da Silva, Deputy Governor in charge of Financial Regulation, Central Bank of Brazil
  • Nick Robins, co-Director, UNEP Inquiry
  • Rathin Roy, Director, National Institute of Public Finance and Policy, India
  • Mulya E. Siregar, Deputy Commissioner of Banking Supervision, Indonesia Financial Services Authority (IFSA)
  • Rintaro Tamaki, Deputy Secretary General, OECD
  • Christian Thimann, Member of the Executive Committee, AXA
  • Jean-Claude Trichet, Chairman, Group of Thirty, Former President, ECB; Honorary Governor, Banque de France
  • Wang Yao, Deputy Secretary General, China Green Finance Committee; Director General, Financial Research Center of Climate and Energy, Central University of Finance and Economics
  • Simon Zadek, co-Director, UNEP Inquiry
  • Jean-Pierre Zigrand, co-Director of the Systemic Risk Center, LSE

This report highlights the themes of the debates and their main conclusions, as well as potential avenues for action.

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